Week 6 (Quantitative Reasoning & Testing Techniques)

Question 1

_____ data usually consists of historical data which is used to gain insights on a subject.

Answer 1

Descriptive

Question 2

_____ data is used to forecast a certain values, for example, forecasting sales revenues in the next financial years or forecasting market trends.

Answer 2

Predictive

Question 3

_____ data is used when it is used to make data-driven decisions, for example, comparing the number of clicks on different news articles headlines and using it to choose a suitable headline.

Answer 3

Prescriptive